Finance
Explore the latest finance news by Business Desk.
Services
UPDATE: Xero posts small net profit as customers pass 2 million
(Updates first and second pars to add share price reaction) Xero shares jumped more than 6.6 percent after it announced better-than-expected first-half results including a small net profit, positive cash flow and a 30 percent jump in subscriber numbers to more than two million...
BNZ's net profit falls slightly as bad debts rise
Bank of New Zealand's annual net profit fell marginally as operating expenses rose faster than net interest income and as charges against profit for bad debts jumped 39 percent, although they remain low.The bank, which is owned by National Australia Bank and is the smallest of th...
Questions over NZ govt proposal to fund foreign venture capital managers
Another of New Zealand's home-grown venture capitalists is questioning why the New Zealand government is proposing to provide funding to foreign managers."With no disrespect to the managers currently exploring setting up in New Zealand, over the last 20 years we've seen a number...
Property
Construction provisions remain contained despite SkyCity disaster: Fletcher
Fletcher Building says it remains within the construction provisions announced in February 2018 despite the impact of the SkyCity International Conference Centre project fire."Fletcher Building is working to determine the impact of the NZICC fire on the project's delivery timelin...
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